Monday, May 26, 2008

American firm to invest in Penang - The Star

May 26, 2008

AN American high-tech company will announce its multi-million dollar investment in Penang this week, said Chief Minister Lim Guan Eng.

He said that he would leave it to the new investor to reveal the details of the investment plan, adding that more foreign investments were expected to come to the state later.

“I hope the inflow of foreign investors to Penang will attract local investors including small and medium industries to the state,” he told newsmen after opening Hu-man Rights Training Programme yesterday.

He described the assurance by Second Finance Minister Tan Sri Nor Mohamed Yakcop that the second Penang bridge project would proceed as a boost for Penang to attract more investors.

“We have to try catch the wave before the global economic slowdown which is expected to hit us at the end of the year.

“One should catch all the fish when the tide is coming in and not receding,” he added.

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